VIDEO: Another Dow Stock on Shaky Ground

by Serge Berger | May 3, 2013 10:30 am

VIDEO: Another Dow Stock on Shaky Ground

Even blue-chip stocks can look shaky from time to time.

Three prime examples right now: Hewlett-Packard (NYSE:HPQ[1]), Procter & Gamble (NYSE:PG[2]) and Pfizer (NYSE:PFE[3]). Those Dow Jones Industrial Average components are sitting on dangerously thin technical support[4], and thus could be in risk of a quick slide if said support is broken. I recently discussed these three stocks and the areas to watch[5] if you’d like to learn more about them.

However, another Dow component is sitting in a similar situation: AT&T (NYSE:T[6]). The company suffered a big drop after earnings late last month and is also now on perilous footing, too. For my take on AT&T’s technical prospects, check out the video above.

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Serge Berger is the head trader and investment strategist for The Steady Trader[9]. Sign up for his free weekly newsletter here[10].